Hey, Ross here:
Welcome back.
It’s been just over two weeks since the first missiles landed on Iran.
To start the week, let’s see how markets have been moving since then.
Chart of the Day
This table shows the performance of each S&P sector across two time periods – the two weeks from the start of the Iran strikes up till last Friday, as well as the YTD performance.
Year-to-date, there are still quite a few sectors – other than energy – that are still up.
Utilities, real estate, consumer staples, materials, and industrials – they’ve still delivered gains this year.
But only the energy sector has managed to post gains both YTD and during the past two weeks.
So it’s no surprise we’re seeing such a sharp deterioration in market breadth.
The Equal-Weight S&P 500 has pretty much erased all its gains for the year…
And we’ve seen far more stocks hitting new lows than new highs these past couple weeks.
I have no idea when and how the Iranian conflict could end.
But I do have a good idea of what you, as a trader, should do.
I explain more below.
Insight of the Day
Focus on less-obvious opportunities within areas of strength.
Sure, energy is the clear area of strength right now – and the obvious play.
Everybody and their mother knows that.
That doesn’t mean we shouldn’t be focusing on energy.
It just means that we just need to dive deeper to look for the less obvious opportunities.
Take for example, fertilizer stocks.
Oil may still be whipsawing back and forth, but these stocks just keep blasting to new highs.
That’s what I mean by less-obvious opportunities that are still within the market’s areas of strength.
Now, I’m NOT recommending you run out and start buying fertilizer stocks.
That’s just a current example.
But if you want to see which less-obvious opportunities I’m going after right now…
Well, that’s what I go LIVE every week to show.
And thanks to our St Patrick’s Day sale…
You can join me for these live sessions for just 99 cents for an entire year.
Don’t let this market turmoil affect your trading.
Let me guide you for an entire year. Your investment will be less than a dollar.
Click here to get the full details.
Customer Story of the Day
“Ross Givens & Traders Agency have helped me learn & identify market patterns with analysis as to WHEN and how to properly enter and exit trades, with profit!
It’s been 6 months so far, and the education has been excellent, with the profitable trades following!”
Embrace the surge,
Ross Givens
Editor, Stock Surge Daily
